{\footnotesize \begin{tabular}{l c c c c c c c c c c c c c c c} \hline \toprule         & \multicolumn{7}{c}{\textbf{1-4 Quarters After Filing}}         & & \multicolumn{7}{c}{\textbf{5-8 Quarters After Filing}} \\
\cmidrule{2-8} \cmidrule{10-16}
& \multicolumn{3}{c}{Non-Great Recession} & & \multicolumn{3}{c}{Great Recession} &         & \multicolumn{3}{c}{Non-Great Recession} & & \multicolumn{3}{c}{Great Recession} \\
\cmidrule{2-4} \cmidrule{6-8} \cmidrule{10-12} \cmidrule{14-16}
& $ {\scriptsize \mathbb{E}[Y \vert E=0]}$ & OLS & IV &         & $ {\scriptsize \mathbb{E}[Y \vert E=0]}$ & OLS & IV &         & $ {\scriptsize \mathbb{E}[Y \vert E=0]}$ & OLS & IV &         & $ {\scriptsize \mathbb{E}[Y \vert E=0]}$ & OLS & IV \\
& (1) & (2) & (3) & & (4) & (5) & (6) & & (7) & (8) & (9) & & (10) & (11) & (12) \\
\cmidrule{2-4} \cmidrule{6-8} \cmidrule{10-12} \cmidrule{14-16}
\multicolumn{16}{l}{ } \\
\textbf{Earnings:}  & 4,530              & -233***             & -439** &                                                 & 3,789              & -218***             & 3 &                                                 & 4,514              & -285***             & -688** &                                                 & 3,825              & -238***             & -551 \\
& (3,822)            & (13)             & (202)  &                                                 & (3,724)            & (15)             & (357)  &                                                 & (3,917)            & (19)             & (310)  &                                                 & (3,812)            & (17)             & (414) \\
& \multicolumn{3}{r}{[232,864]} &                                                 & \multicolumn{3}{r}{[141,036]} &                                                 & \multicolumn{3}{r}{[197,860]} &                                                 & \multicolumn{3}{r}{[139,036]}  \\
\multicolumn{16}{l}{\textit{By Location}} \\
~~~Cook County              & 4,950              & -308***             & -502* &                                                 & 4,587              & -248***             & -352 &                                                 & 4,959              & -351***             & -572  &                                                 & 4,587              & -271***             & -820 \\
& (5,715)            & (15)             & (289)  &                                                  & (5,972)            & (23)             & (480)  &                                                 & (5,869)            & (21)             & (389)  &                                                  & (6,093)            & (27)             & (650) \\
& \multicolumn{3}{r}{[148,000]} &                                                 & \multicolumn{3}{r}{[81,500]} &                                                 & \multicolumn{3}{r}{[136,000]} &                                                 & \multicolumn{3}{r}{[79,500]}  \\
~~~New York                 & 4,109              & -158***             & -375  &                                                 & 2,991              & -187***             & 358 &                                                  & 4,070              & -219***             & -805*  &                                                 & 3,062              & -205***             & -282 \\
& (5,076)            & (20)             & (283)  &                                                  & (4,452)            & (19)             & (527)  &                                                 & (5,189)            & (31)             & (482)  &                                                 & (4,584)            & (21)             & (512) \\
& \multicolumn{3}{r}{[84,864]} &                                                 & \multicolumn{3}{r}{[59,536]} &                                                 & \multicolumn{3}{r}{[61,860]} &                                                 & \multicolumn{3}{r}{[59,536]}  \\
\bottomrule \\
\end{tabular} }
